Silver Book Fact

Impact of family caregiving on work

Seven out of 10 family caregivers have to cut back on work hours, change jobs, or stop working in order to care for their loved one.

Feinberg L, Reinhard S, Houser A, Choula R. Valuing the Invaluable: 2011 Update–the growing contributions and costs of family caregiving. AARP Public Policy Institute. 2011; https://assets.aarp.org/rgcenter/ppi/ltc/i51-caregiving.pdf

Reference

Title
Valuing the Invaluable: 2011 Update–the growing contributions and costs of family caregiving
Publication
AARP Public Policy Institute
Publication Date
2011
Authors
Feinberg L, Reinhard S, Houser A, Choula R
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • In 2004, around 8% of older Americans incurred $2,500 or more in prescription drug costs.  
  • Spending on prescription drugs is projected to grow 3.5% in 2008–a slowdown of 1.4% from 2007–and reach $235.4 billion. Drug spending growth is expected to rebound to 4.5% in…  
  • Percent Change in Selected Leading Causes of Death from 2000 to 2004  
  • The indirect impacts of 7 major chronic diseases will total $3.4 trillion in 2023– which is 4 times the cost of treatment.  
  • Around 13% of all household expenditures in households headed by people age 65 and older were on healthcare expenses, compared to 7% in households headed by people age 55-64.